Western Union and MasterCard have joined with lottery and gaming company Gtech S.p.A to offer the My WU reloadable prepaid card in Italy.
Gtech S.p.A, which operates as Lottomatica in Italy, is the first company in Europe to join the Western Union Global Share platform, which supports stored-value products through local companies.
The My WU prepaid card is designed to serve more than 4 million migrant workers in Italy. The cards will be available at about 15,000 Lottomatica Carta Lis locations and online. Consumers can reload the card at more than 10,000 ATMs throughout Italy. The My WU card supports money transfers, direct deposits, and retail purchases.
"We view the introduction of this service in Italy as a significant advancement in our joint efforts to support financial inclusion around the world," says Carlo Enrico, group executive for strategy and development at MasterCard, in a press release.